Posted on 05/24/2020 8:28:45 AM PDT by E. Pluribus Unum
White House senior adviser Kevin Hassett on Sunday said the Trump administration is eyeing another round of direct payments to Americans in the next coronavirus-related legislative package, though he said the economy is getting to the point where they might be able to move on to other things.
He called the stimulus checks of up to $1,200 for millions of Americans an “enormously successful part” of federal legislation that Congress passed in recent weeks in response to the coronavirus pandemic.
“I think depending on the state of the economy it’s something that I guess we’d consider,” he said on CNN’s “State of the Union.”
“But right now it looks like the economy’s picking up at a very rapid rate, in which case we could potentially move on to other things that the president has mentioned like the payroll tax cut and potentially even [a] capital gains holiday,” Mr. Hassett said.
Congress is eyeing tweaks to a popular small business lending program for the next round of coronavirus legislation.
Asked about more money for states and localities, which has been a key Democratic demand, Mr. Hassett said there’s already been significant money allocated for that purpose.
“I think that a lot of the requests for state and local bailouts that you’re seeing out there up on the Hill are radically, radically more money than the expected shortfall for the year,” he said. “We’re analyzing the numbers right now and the requests are kind of absurd.”
He said a lot of Republicans are also concerned that the plussed-up unemployment benefits in the $2.2 trillion package that passed in March have made it more...
(Excerpt) Read more at washingtontimes.com ...
Political suicide.
Tell me again how Trump is a Conservative.
ONLY IF it is from a TAX REBATE or a TAX CUT, both of which are needed anyway.
Again creating “funny money” - Treasury printing presses spewing out more money out of nothing - just increases inflation, the hidden tax, and we all lose in the long run.
I never got the first payment. But the more I think about it, I am retired. I get a military retirement check each month, a social security check each month, and a VA disability check each month. I am already on the government dole. Why would I get another payment?
He loves America and means well, but is in OTJT about the difference between private business vs. economics and government.
Want to give us back OUR money? Give those that actually pay the taxes a cut.
Let’s say you’re unfortunate enough to live in New Jersey and were thrown out of work because of the virus. Most people have a month’s savings in the bank, and I bet in a high cost stage like Jersey it’s even less. From what people have posted here on Free Republic, the state’s unemployment office has utterly failed in processing the vast amount of applications for unemployment. Therefore, people are not paying their rent (much less taxes and other bills) because they’re simply out of money. Do you really think that $1,200 sent out a month or so ago would last too long given the expenses in living somewhere like that? I don’t.
As far as I’m concerned, if the Government is going to mandate that people stay home and not earn a living, it’s the Government’s responsibility to take CARE of those people.
Tax cuts.
Defense of Religious Liberty.
Pro-life.
2nd Amendment.
...
JUST STOP. Open everything up and, at most, pass some anti-lawsuit legislation to protect businesses.
Trump is a debt guy. He thinks debt is always and everywhere a good thing. I think he believes in his heart that debt somehow always creates wealth on both sides of the balance sheet regardless of debt type or amount.
He’s conservative in the most important issues. Immigration and abortion. I’ll support him forever. Give me a check. Most go back into the economy. Aren’t you sick of seeing your tax money going to waste. I’d say finally we get to have some. As far as national debt. This is practically interest free.
A lot of folks have a fundamental misunderstanding of what is happening here. Forget about inflation. The whole purpose of this massive flood of new money in circulation is to defend the U.S. dollar against crippling DEFLATION.
Just stop.
NO NO NO NO NO
And certainly not to those getting $600 a week
When will “Cash for Clunkers” come back?
Judges.
We have arrived in a sort of "no man's land" with taxes. Tax cuts coupled with constant spending increases and Fed money printing wind up costing you money because they erode your buying power over time as the value of the money goes down.
2nd Amendment.
He's been terrible on 2A.
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